Reginal Thomas
All posts from Reginal Thomas
Reginal Thomas in reginal thomas,

Japan's Debt Reaches 1 Quadrillion Yen

Today Japan's finance ministry released data showing that the country's debt has surpassed the 1 quadrillion yen bench mark for the first time. Japan has more debt as a percentage of their GDP than any other developed country. To add to things Japan has continued borrowing this year to spend more on their infrastructure to continue in a economic stimulus to end years of stagnation and falling prices. 
To give you guys a better scope of how much 1,008.6 trillion yen. really is only $10.5 trillion in U.S. dollars. How does a country even being to get rid of all this debt?